>That's the whole magic trick. Come work for us! We can only pay $50k in boring everyday money, but here's some tokens. We don't know what they're worth, and yo

>That's the whole magic trick. Come work for us! We can only pay $50k in boring everyday money, but here's some tokens. We don't know what they're worth, and you can't spend them for many years or maybe not at all, but look at this picture suggesting they might be worth lots! Works really well on people new to the workforce. If I have to be short theta, at least be a [company] man and make it something like 75-delta >720 DTE calls. Ideally let me sell 50-delta <360 DTEs to the new on-boards as well! :^) Long longer dated ITM calls protect downside in IV spike, and being short shorter (relatively) dated ATM calls pays me more theta than I pay for the ITM while the ITM gives me much needed vanna if the underlying shits the bed on my spread (assuming skew exists).